GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizing
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Planning
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Controlling
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Leading
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Detailed explanation-1: -The planning function of management entails goal setting and laying out detailed steps on how to achieve those goals.
Detailed explanation-2: -Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-3: -The first and the most important function of management is Planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.
Detailed explanation-4: -Controlling. It implies measurement of accomplishment against the standards and correction of deviation if any to ensure achievement of organizational goals.
Detailed explanation-5: -Planning dictates how to effectively organise a business. It encompasses determining necessary future activities, assigning them to the right personnel, delegating authority, providing tools and raw material, etc.